These 5 mid-cap stocks may rise up to 20 per cent, as technical charts reveal positive breakouts
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.
The heavy-weight Reliance Industries has broken critical support of Rs 2,300, raising concerns about the future drawdown. In addition, the formation reveals a "Descending Triangle" violation
Balrampur Chini Mills, Dwarikesh Sugar Industries, Ugar Sugar Works, Rana Sugars, Dhampur Sugar Mills and Shree Renuka Sugar overcome their significant peaks, with volumes exceeding daily 3-month high
Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.
Hindustan Copper and Vedanta may fall up to 19 per cent due to their weak chart structures.
Shares of Bharti Airtel may plunged up to 7 per cent on breaking 200-DMA, while Paytm shares need to holds above its 200-DMA to upheld the positive stance.
Biocon share may slip up to 21 per cent if breaks 52-week low
Mahindra & Mahindra Financial Services, Sonata Software Limited, and Blue Star may rise up to 10 per cent in the overbought territory of RSI.
Descending Triangle breakdown on Nifty Bank index may see up to 5% decline
A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks
Rail Vikas Nigam, Titagarh Wagons and Texmaco Rail & Engineering may soar up to 18 per cent in coming sessions
After evaluating the RIL shares on all three time frames; short-term, medium-term and long-term, it appears to be positive as long as it shields the support of Rs 2,200 levels.
CUMMINS INDIA is trading in a rising channel and is currently placed near the lower band of the channel signalling a near-term resurgence
Tata Coffee witnessed a consolidation breakout on the back of an increase in average trading volumes in the last trading session, suggesting a positive outlook
Kotak Bank stock has been moving within a tight range for quite some time and is currently taking support near the significant 200DMA level of Rs 1,737
Voltas stock is consolidating near the neckline of the Inverted Head & Shoulder pattern on the daily time frame and is expected to rebound from here onwards
MGL witnessed a fresh breakout from the consolidation range on June 15 and made new record highs as well
For Nifty, the immediate resistance zone can be seen around 14,575-14,650, where a sustainable move beyond 14,650 would negate the possibility of further correction
HCL Tech has surpassed the hurdle of the previous swing high of late and is gradually inching towards its record high